ThredUp Inc. (TDUP) – What Are Researchers Saying About This Stock?

ThredUp Inc. (NASDAQ:TDUP) has been assigned a consensus rating of “Moderate Buy” from the five analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $6.55.

Several analysts recently weighed in on TDUP shares. Weiss Ratings restated a “sell (e+)” rating on shares of ThredUp in a report on Monday, September 21st. Telsey Advisory Group dropped their target price on shares of ThredUp from $7.00 to $6.00 and set an “outperform” rating on the stock in a report on Thursday, August 6th. Finally, Roth Capital reiterated a “buy” rating and set a $6.50 target price on shares of ThredUp in a report on Thursday, August 6th.

Insider Activity

In related news, COO Christopher Homer sold 60,230 shares of the business’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $2.58, for a total transaction of $155,393.40. Following the transaction, the chief operating officer directly owned 1,363,358 shares in the company, valued at $3,517,463.64. The trade was a 4.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Sean Sobers sold 44,559 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $2.58, for a total value of $114,962.22. Following the transaction, the chief financial officer directly owned 613,503 shares in the company, valued at $1,582,837.74. This represents a 6.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 23.10% of the company’s stock.

Institutional Investors Weigh In On ThredUp

A number of large investors have recently modified their holdings of the business. Readystate Asset Management LP boosted its stake in ThredUp by 197.4% in the 2nd quarter. Readystate Asset Management LP now owns 1,508,736 shares of the company’s stock worth $10,335,000 after purchasing an additional 1,001,482 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in ThredUp by 19.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,965,484 shares of the company’s stock worth $9,727,000 after purchasing an additional 473,907 shares during the last quarter. CI Investments Inc. acquired a new position in shares of ThredUp in the 1st quarter valued at $5,937,000. Zweig DiMenna Associates LLC raised its stake in ThredUp by 170.1% in the 1st quarter. Zweig DiMenna Associates LLC now owns 1,454,500 shares of the company’s stock worth $4,771,000 after acquiring an additional 916,000 shares during the last quarter. Finally, Empowered Funds LLC purchased a new position in ThredUp in the 1st quarter worth $1,338,000. Hedge funds and other institutional investors own 89.08% of the company’s stock.

ThredUp Price Performance

NASDAQ:TDUP opened at $2.20 on Thursday. The firm has a market capitalization of $288.93 million, a price-to-earnings ratio of -12.94 and a beta of 2.11. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.99 and a quick ratio of 0.99. The business has a 50 day simple moving average of $2.60 and a 200-day simple moving average of $4.22. ThredUp has a 1 year low of $2.09 and a 1 year high of $10.00.

ThredUp (NASDAQ:TDUP) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The firm had revenue of $90.77 million for the quarter, compared to the consensus estimate of $90.34 million. ThredUp had a negative net margin of 6.65% and a negative return on equity of 37.30%. Equities analysts forecast that ThredUp will post -0.17 EPS for the current year.

ThredUp Company Profile

ThredUp Inc operates an online resale platform focused on secondhand apparel. Through its marketplace, the company offers pre-owned women’s and children’s clothing, shoes, accessories and other fashion items from a range of brands. ThredUp manages much of the resale process, including item intake, inspection, pricing, photography, listing, order fulfillment and returns.

The company serves individual consumers who want to buy or resell used clothing and also works with brands and retailers through resale and “Resale-as-a-Service” programs.